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Coromandel International Q1 leads: Income falls 37.1% to Rs 311 cr Company End results

.Revenue from operations dropped about 17 per-cent to Rs 4,729 crore.|Photo: Facebook1 min went through Last Upgraded: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals secure Coromandel International disclosed a 37.1 per cent join first-quarter earnings on Wednesday, harmed by weak point in its own fertilizer as well as nutrients service.The firm's net profit after tax obligation fell to Rs 311 crore ($ 37.05 million) for the April-June fourth coming from Rs 494 crore a year earlier.Profits coming from operations dropped regarding 17 per cent to Rs 4,729 crore, creating it the company's fifth consecutive fourth of decline.TRICK SITUATION.Agrochemical and also fertilizer firms have reported a dull performance as extreme supply in the residential market pressured their sales amounts as well as scopes.Nonetheless, domestic need is actually counted on to identify the leads of above-average gale rains this year and also a bumper produce, analysts said.Peer SRF published a drop in its own revenue for the one-fourth, hurt by unstable need in its chemicals business, while Deepak Fertilisers and also Petrochemicals submitted earnings surge, helped through lesser input cost.( Merely the heading and picture of this document may possess been actually modified by the Business Specification staff the remainder of the information is actually auto-generated from a syndicated feed.) 1st Released: Aug 07 2024|10:55 PM IST.